Bob Murphy Conversation with David Henderson
By David Henderson
I had a blast doing this. Here is the link.
Now the highlights. The times listed are roughly right.
3:30 to 5:00: My bio
5:00 to 15:00: How I got hooked on economics, especially the role of Harold Demsetz
15:30 to 18:00: Advice Milton Friedman gave 19-year-old me.
18:25: My change in plans after my brother committed suicide.
19:40: My ah-hah moment when I realized that I could really understand some technical economics.
21:15: Demsetz, “Remind me who you are.”
23:00: “No one has wanted me in my life.”
24:00: Tullock is so Tullock.
25:00: Buchanan on the “UCLA disease.”
27:40: How I almost ended my shot at grad school.
29:25: Bob Murphy on “ethnic cleansing” at NYU (humor).
30:00: Axel Leijonhufvud’s depressing orientation talk.
31:20: Demsetz’s no-nonsense approach.
32:00: “Seatbelt Sam” Peltzman.
37:35: Alchian’s class and the UCLA disease.
41:20: Bill Baumol.
44:40: How I got to be a summer intern at Nixon’s Council of Economic Advisers (CEA).
46:30: My shock in June 1973 when the Old Executive Office Building flew the huge Soviet flag.
48:00: Staying away from price controls.
49:30: Acting senior economist—at age 22.
50:00: My argument with Justice Department’s chief economist, George Hay.
52:50: Niskanen not sold on me for CEA senior economist.
53:20: I said we bought a house; I wish. I should have said we rented a house.
53:40: Feldstein invites me not to come.
54:40: My gotchas on Marty Feldstein’s work are better than those of Ted Kennedy’s staff.
56:00: Boning up on health economics.
57:00: Marty Feldstein’s meeting with whole CEA.
57:20: My big risk to become health economist.
59:00: My perception of Larry Summers’s and Paul Krugman’s views of UCLA.
1:00:00: Honesty is the best policy.
1:03:30: 1970s price controls on oil.
1:08:45: Krugman, Summers famous inflation memo.
1:10:30: Murphy’s and my inflation bet.
1:14:00: My motives in betting.
1:16:40: My Mercatus study of Canada’s 1990s/early 2000s budget cuts.
1:21:50: Post-WWII budget cuts: no depression.
1:24:00: How I got writing on war.
1:26:30: My 1990 Wall Street Journal op/ed on why the U.S. government shouldn’t got to war for oil. (Edited by David Frum.)
1:27:00: Started writing for antiwar.com.
1:28:50: The quality of discussions with my students at the Naval Postgraduate School.
1:29:30: “I didn’t invade Iraq; maybe some of you did.”
1:33:00: “I think it’s something called the First Amendment.”
1:35:00: Q&A with Leon Panetta.
1:38:40: The background to my book The Joy of Freedom: An Economist’s Odyssey.
1:39:50: How Phil Magness came to his libertarian views.
1:41:00: The background to Henderson and Hooper, Making Great Decisions in Business and Life.
1:42:30: Computing present values with an implicit real interest rate of zero.